Boyd Gaming reported second-quarter 2026 revenue of $1.03 billion and net income attributable to the company of $131.2 million, or $1.75 per share. Adjusted earnings for the quarter were $144.4 million, or $1.93 per diluted share. The company said total Adjusted EBITDAR was $350.5 million and repurchased $156 million of common stock in the quarter.
Financial Highlights
- Revenue: $1.03 billion for the three months ended June 30, 2026 (in-line with Q2 2025).
- Net income attributable to Boyd Gaming: $131.2 million for Q2 2026; basic and diluted net income per share: $1.75.
- Adjusted earnings: $144.4 million for Q2 2026; Adjusted diluted earnings per share: $1.93.
- Adjusted EBITDAR: $350.5 million for Q2 2026 (Adjusted EBITDA after master lease rent: $321.6 million).
- Share repurchases and liquidity: $156 million repurchased in Q2; cash on hand $322.7 million and total debt $2.6 billion as of June 30, 2026.
Business Highlights
- Midwest & South operations delivered revenue and Adjusted EBITDAR growth, driven by increased play from core and retail customers and contributions from recent capital investments.
- Las Vegas Locals segment faced softness in destination business (notably at the Orleans) and construction disruption at Suncoast, while other properties in the segment grew with property margins above 50%.
- Downtown Las Vegas results remained affected by ongoing destination softness across the downtown area, with play from core and Hawaiian customers consistent with recent quarters.
- Online segment growth was driven by the company’s online casino gaming business and contributions from third-party market access agreements.
- Managed business saw strong revenue and Adjusted EBITDAR growth, led by increased management fees from Sky River Casino after its expansion.
Original SEC Filing:
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